CARNEGIE MELLON UNIVERSITY
5000 FORBES AVE, PITTSBURGH, PA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $2,498,102,199 | $1,896,700,767 | $6,316,256,007 |
| FY2024 | $2,003,071,984 | $1,776,981,445 | $5,864,021,083 |
| FY2023 | $1,881,828,034 | $1,640,976,103 | $5,555,174,306 |
| FY2022 | $1,976,389,642 | $1,513,112,668 | $5,251,604,184 |
| FY2021 | $1,962,040,329 | $1,383,731,619 | $5,117,000,934 |
| FY2020 | $1,850,131,561 | $1,438,488,964 | $3,591,886,159 |
| FY2019 | $1,643,363,312 | $1,393,872,568 | $3,398,056,630 |
| FY2018 | $1,526,822,729 | $1,335,161,953 | $3,190,663,381 |
| FY2017 | $2,177,355,410 | $1,742,449,577 | $2,894,020,922 |
| FY2016 | $1,428,661,731 | $1,203,565,507 | $2,336,069,087 |
| FY2015 | $1,345,684,240 | $1,174,096,218 | $2,232,644,055 |
| FY2013 | $1,231,733,839 | $1,117,777,646 | $1,803,611,868 |
| FY2012 | $1,186,029,791 | $1,069,891,061 | $1,621,583,908 |
| FY2011 | $1,153,711,410 | $1,009,517,543 | $1,580,338,855 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $690,456,548 | 38% |
| Program service revenue | $1,125,956,853 | 62% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $1,681,988,969 | 89% |
| Management & general | $180,803,548 | 10% |
| Fundraising | $33,908,250 | 2% |
What the numbers show
- Program service revenue made up 62% of total revenue in FY2025.
- Program services accounted for 89% of functional expenses, management & general 10%, and fundraising 2%.
- 89% of functional expenses went to program services in FY2025.
- Net assets covered about 40 months of expenses at the end of the reporting year.
- Total revenue rose from $1,153,711,410 in FY2011 to $2,498,102,199 in FY2025, Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2025.
- Net assets grew from $1,580,338,855 to $6,316,256,007 between FY2011 and FY2025.
- Contributions and grants made up 38% of revenue in FY2011 and 28% in FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
HIGHER EDUCATION AND RESEARCH.
IRS status
| Ruling year | 1992 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Donations | Donations are generally tax-deductible (public charity). |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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